Investors that are Bullish Silver or Gold want to see the Silver/Gold ratio heading higher and breaking above key resistance levels.
Early this month they are receiving a long-awaited bullish message!
The Silver/Gold ratio has created a series of lower highs and lower lows since its peak, 8-years ago this month.
The decline in the ratio took it down to test its 1992 lows at (1), which was a very important support test. After hitting this support level, the ratio has turned higher.
Last month the ratio closed a small percent above the falling resistance at (2). Early this month the ratio continues to break further above falling resistance at (2), which historically sends a bullish message to both Silver and Gold.
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